HPE to spin software in $8.8b deal with Micro Focus

HPE to spin software in $8.8b deal with Micro Focus

Hewlett Packard Enterprise installs new signage on the exterior of its Palo Alto, CA headquarters. CREDIT: Hewlett Packard Enterprise

Hewlett Packard Enterprise Co. said it’s spinning off and merging some non-core software assets in a deal with U.K.-based Micro Focus International Plc valued at about $8.8 billion, continuing Chief Executive Officer Meg Whitman’s effort slim down its operations.

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